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Mexico Oil Production Up to 1.85mbpd in Jan: AMLO

OIL

Mexico’s oil production averaged 1.85mbpd in January 2023 according to President Andres Manuel Lopez Obrador on Monday.

  • He said the cost of oil extraction in new fields is 8$/bbl.
  • Pemex reported production was 1.78mbpd of crude and condensate in November 2022.
  • Energy Minister Rocio Nahle said last month the country is trying to be self-sufficient and aiming to end oil exports by December 2023.

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